[SAJ]

EMU, sadly, have no remedy for such misbehaviour. ECB not only have no power (per Maastricht and Lisbon) to effect any remedy using Euro, they have also exactly no lawful means of even attempting to do so (see Article 125 of Maastricht).

The net of this all is that Euro, just 11 years old, is in far more danger of collapse than USD, no matter how shamefully we're bungling our 'management' of our currency.

FReegards, m'FRiend!

[bruinbirdman]

As many are commenting here, and most interestingly at AEP article and blog threads, a scenario is developing with many hypotheticals.

We see that as Greece and Portugal are downgraded, $ rises, commodities in $ fall.

If the EUrotopia dominoes are falling, we can have a long thread on the results. Or the sequence of the dominoes falling.

I see as interesting a succession of threads as was begun in 2006 just before the housing bubble burst.

Does EUro bubble bursting continue V shapped recovery?

yitbos